Keybank National Association OH Has $17.92 Million Stock Position in Invesco QQQ $QQQ

Keybank National Association OH lowered its position in Invesco QQQ (NASDAQ:QQQ) by 2.4% during the 1st quarter, Holdings Channel reports. The fund owned 31,041 shares of the exchange traded fund’s stock after selling 750 shares during the period. Keybank National Association OH’s holdings in Invesco QQQ were worth $17,916,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Stevens Capital Partners increased its stake in Invesco QQQ by 2.4% during the 1st quarter. Stevens Capital Partners now owns 955 shares of the exchange traded fund’s stock valued at $551,000 after purchasing an additional 22 shares in the last quarter. Clarity Wealth Advisors LLC lifted its stake in shares of Invesco QQQ by 0.3% in the first quarter. Clarity Wealth Advisors LLC now owns 54,558 shares of the exchange traded fund’s stock valued at $31,490,000 after buying an additional 170 shares in the last quarter. Heritage Investors Management Corp lifted its stake in shares of Invesco QQQ by 0.5% in the first quarter. Heritage Investors Management Corp now owns 4,057 shares of the exchange traded fund’s stock valued at $2,342,000 after buying an additional 21 shares in the last quarter. Physician Wealth Advisors Inc. grew its holdings in shares of Invesco QQQ by 2.1% during the first quarter. Physician Wealth Advisors Inc. now owns 4,742 shares of the exchange traded fund’s stock valued at $2,737,000 after buying an additional 97 shares during the last quarter. Finally, Able Wealth Management LLC grew its holdings in shares of Invesco QQQ by 6.8% during the first quarter. Able Wealth Management LLC now owns 963 shares of the exchange traded fund’s stock valued at $556,000 after buying an additional 61 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ News Roundup

Here are the key news stories impacting Invesco QQQ this week:

• Positive Sentiment: Weaker-than-expected June jobs data helped cool rate-hike fears, which is generally supportive for growth stocks and the Nasdaq-100 holdings that dominate QQQ. Should You Buy the Invesco QQQ ETF After the Recent Nasdaq Sell-Off? History Offers a Crystal-Clear Answer.
• Positive Sentiment: Market commentary says the Nasdaq sell-off may have created a buying opportunity for QQQ after a weak first half for some of America’s biggest growth names. Should You Buy the Invesco QQQ ETF After the Recent Nasdaq Sell-Off? History Offers a Crystal-Clear Answer.
• Positive Sentiment: Reports that stocks and Nasdaq futures were holding up ahead of the payroll release suggest investors remain willing to stay in or add to large-cap tech exposure through QQQ. S&P 500, Nasdaq Futures Climb While Dow Futures Fall Ahead Of Key Jobs Report: META, MU, JACK, CEG Stocks In Focus

Invesco QQQ Price Performance

NASDAQ:QQQ opened at $713.61 on Friday. Invesco QQQ has a one year low of $549.58 and a one year high of $748.65. The firm has a 50-day moving average of $712.54 and a 200-day moving average of $646.26.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Monday, June 22nd will be paid a dividend of $0.8135 per share. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.73. The ex-dividend date is Monday, June 22nd. This represents a $3.25 dividend on an annualized basis and a yield of 0.5%.

Invesco QQQ Company Profile

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.